This article looks at the essential conditions for a durable peace in Kashmir and argues that the Valley has been most peaceful only during an active, on-going peace process. The lack of effective and continuous engagement with key stakeholders, especially the people of Jammu and Kashmir (J&K), has fostered a sense of deep alienation and enduring distrust. It further argues that counterinsurgency operations need to be simultaneously augmented by an active peace process engaging all stakeholders.